Happy new years everyone! This was kind of a good change as I saw today that ING Direct has decided to increase its tax free savings account rate to 3%.
As indicated on the fine print too, “Rate as at January 1, 2010 and (like the weather) is subject to change. Interest is calculated daily and paid monthly.” This is currently the highest interest rate offered to my knowledge though. Not a bad way to start 2010.
Maybe this was a Canada day boost, but it’s nice to know that at least one financial institution has dramatically bumped up its tax free savings account interest rate. As you can see, ING Direct is now at 3% which makes it the highest.
Maybe that is a good sign that others will increase their rates as well or it could be simply that ING is trying to stand out from the rest. ING usually has some of the higher interest rates when it comes to the more conventional savings accounts and so it would be nice if they kept this rate. Or better yet, increase it. 🙂
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